Pan African Resources said the receipt of the Australian Stock Exchange conditional admission letter satisfies part of the ASX admission condition precedent in the Scheme Implementation Deed for its proposed acquisition of Emmerson Resources.
The admission condition is referenced in the SID as amended and restated by Pan African, Emmerson and Tennant Consolidated Mining Group Pty, a document Emmerson lodged on the ASX on 21 April.
Pan African set an indicative timetable with a scheme meeting on 15 June and a second court date on 19 June.
The effective date is set for 22 June, with deferred ASX admission and trading to commence on 23 June and a scheme record date of 24 June.
Implementation is scheduled for 1 July, with normal settlement trading on the ASX to begin on 2 July.
Pan African said all dates are indicative and subject to change and that any amendments will be announced and posted on Pan African's and Emmerson's exchange profiles.
